A good number of stocks are going to be downgraded to Z category from February 28 next year for failing to give dividends to shareholders on a yearly basis. Companies unable to hold annual general meetings on time and out of operations for more than six months will also be punished in the same fas
Some low-performing stocks have been flying high on the Dhaka Stock Exchange (DSE) in the last few months without any reason for investors to be keen on betting their money on those. Most of these small-cap companies have not paid dividends for years due to losses and are now struggling to keep th
IPDC Finance has planned to raise Tk 3 billion by issuing mortgaged-backed zero coupon bonds to avoid interest rate risk. "As the interest rate has been rising, depositors keep money [with banks or non-bank financial institutions] for a short-term -- for three to six months. If we issue bonds, we
Stocks witnessed an upward trend on Sunday, the first day of December, as investors continued their buying spree on large-cap issues amid optimism. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 8.91 points or 0.14 per cent to settle at 6,231.94. The DSE 30 Index, comprising b
Export-focused shoemaker Craftsman Footwear and Accessories looks to get listed on the SME board three years after beginning production, as it secured an exponential growth in profit between FY21 and FY23. Sadat Hossain Salim, who founded the organisation from his experiences working in local and
Despite enduring persistent losses over the years, Khulna Printing & Packaging Ltd. (KPPL) has witnessed a remarkable 160 per cent surge in its stock price in just one month on the Dhaka Stock Exchange (DSE). The company has faced losses consistently for the last five years, with accumulated losse
Stocks extended the losing streak for the third straight week to Thursday, as jittery investors continued to dump their holdings, fearing further erosion of their portfolios, with no sign of political or economic volatility slowing. Furthermore, the latest policy rate hike by a 50 basis points ami
FAS Finance & Investment is bound to have a slow death. What is to be seen is how long it can survive bearing losses. Loan scams orchestrated by Proshanta Kumar Halder alias PK Halder between 2015 and 2017 left it so wounded that it could not make even a small step for recovery. The latest financ
Dulamia Cotton Spinning Mills may have to shut down permanently for the company has failed to revamp its production unit, replacing outdated machinery. It has been out of production for the last three years. The auditor said the company might never be able to resume production as its current liabi
The cut-off price of initial public offering (IPO) shares of Best Holdings has been fixed at Tk 35 each through electronic bidding process involving eligible investors. The determination of this price took place over a 72-hour bidding window from November 20 to 23, as mandated by the book-building
The state-run Meghna Petroleum suffered a net operating cash crisis in the first quarter (Q1) of this fiscal year due to increased payments to suppliers, employees and others. The country's second largest petroleum marketer saw cash inflows of Tk 79.60 billion but made payments totalling Tk 87.06
Jute Spinners' annual loss almost doubled year-on-year to Tk 142.43 million in FY23, while accumulated losses of the last 11 years reached around Tk 900 million. It has been producing nothing since 2016. The company suffered a net loss of Tk 76.23 million in FY22. Liabilities shot up exceeding tw
The securities regulator has lifted its embargo on IPO (initial public offering) subscription of Asiatic Laboratories, meaning the company can now collect money from the primary market. The regulator took the decision at a meeting on Tuesday after an accurate valuation of the company's assets and
